SPX Gamma AM
Good morning.
Futures stabilized just belo 4400 overnight, while total gamma decreased slightly by 10MM to -605MM and the gamma inversion level moved up to 4500, reflecting the put accumulation we saw yesterday.
Support levels can be identified at 4350 and 4300 and traders are well advised to take those markers scenario into account, especially given that the expected rate path continues to steepen relentlessly.
https://www.tradingview.com/x/uVy3kEn7/
We wish everybody a good trading session. Check twitter for more intraday updates.
Futures stabilized just belo 4400 overnight, while total gamma decreased slightly by 10MM to -605MM and the gamma inversion level moved up to 4500, reflecting the put accumulation we saw yesterday.
Support levels can be identified at 4350 and 4300 and traders are well advised to take those markers scenario into account, especially given that the expected rate path continues to steepen relentlessly.
https://www.tradingview.com/x/uVy3kEn7/
We wish everybody a good trading session. Check twitter for more intraday updates.
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